Given the following events in the table below and knowing that they are provided for a four stroke, spark-ignition engine running at 2500 RPM, please fill out the missing information.
Note that: BTDC=before top dead center, ATDC=after top dead center, ABDC=after bottom dead center, BBDC= before bottom dead center.
| Process | Event | Duration (crank angle) | Duration(ms) |
| Intake | 15 ˚BTDC to 60 ˚ABDC | ||
| Compression | BDC to 30 ˚BTDC | ||
| Combustion | 30 ˚BTDC to 30 ˚ATDC | ||
| Expansion | TDC to BDC | ||
| Exhaust | 60 ˚BBDC to 20 ˚ATDC | ||
| One engine cycle |
In: Mechanical Engineering
When borrowers engage in activities that reduce the probability of loans being paid back to lenders, it is the problem of?
▼
a) moral hazard
b) adverse selection
It occurs
▼
a) after
b) before
the transaction?
When the funds are lent to those among potential borrowers who are actually the bad credit risks, it is the problem of?
▼
moral hazard
adverse selection
It occurs
▼
a) before
b) after
the transaction.?
Both these problems are caused due to?
▼
a) asymmetric information
b) symmetric information
Due to these problems?
▼
a) lenders and borrowers may lower the amount of transactions
b) lenders may decide not to make any loans
c) borrowers may decide not to take any loans
.
In: Finance
1. Irma Marie, as many investors, is a risk averse investor. Her investment- utility function defined by the equation below.
U=Er-12Aσ2
You are studying how Irma has changed her utility function before and after market events. You are looking at the Tech bubble, the Credit Crisis and the Covid 19.
Required:
a. Replace in the equation above the value of the parameters you assume Maria had right before and after the impact of the crisis on U.S. the stock market. Justify your assumptions.
b. As an expert and with perfect hindsight, what would have been the value of the parameters you had recommended to use? Why?
In: Accounting
A police Captain claims a Public Safety Film will reduce the number of speeding tickets at seven locations on the highway. The number of tickets at these locations before and after the film are as follows: Location1.234567 Before Film 21. 33 31 30 34 30 24 After Film 17 28 32 28 34 29 17 Difference45-1 20L7 The mean of these Differences is Z = 2.57,with st dev sd : 2.88 a) I4trhat is the parameter we test? b) what are the NuIl and Alternative Hypotheses? c) Using a = .05 find the Rejection Region and Test Stat. d) State the conclusion of your test.
In: Statistics and Probability
A study was conducted to test the effectiveness of a juggling class. Before the class started, six subjects juggled as many balls as they could at once. After the class, the same six subjects juggled as many balls as they could. The differences in the number of balls are calculated. The differences have a normal distribution. Test at the 1% significance level. What conclusion can you draw about the juggling class including how to get p-value? Chart below.
Subject A B C D E F
Before 3 4 3 2 4 5
After 4 5 6 4 5 7
In: Statistics and Probability
In each of the following questions, assume that there is no volume change when HCl is added to water in part (a) or the phosphate buffer in part (c).
(a) Calculate the pH when 0.029 moles of HCl are added to 1.000 liter of water.
(b) What is the difference between the pH of pure water (pH 7.00) and the pH of the solution after HCl was added?
(c) Calculate the pH when 0.029 moles of HCl are added to 1.000 liters of a buffer containing 0.396 M KH2PO4 and 0.201 M K2HPO4.
(d) The pH before the HCl was added is equal to 6.913. What is the difference between the pH before adding the HCl and after adding the HCl?
In: Chemistry
Two pucks are sliding on a frictionless tabletop. Block A (mass
4.11 kg) is moving to the East (+x direction) at 1.50 m/s. Block B
(mass 4.93 kg) is moving to the North (+y direction) at 1.80 m/s.
Assume the system to be both Block A and Block B. (Note: It could
be useful to make a drawing of the situation.)
What is the x-component of the total momentum of the system before
the collision?
What is the y-component of the total momentum of the system before
the collision?
What is the x-component of the total momentum of the system after
the collision?
What is the y-component of the total momentum of the system after
the collision?
In: Physics
DELSING CANNING COMPANY IS CONSIDERING AN EXPANSION OF ITS FACILITIES. ITS CURRENT INCOME STATEMENT IS AS FOLLOWS:
SALES............................................................................
7,100,100
VARIABLE COSTS (50% OF
SALES).............................3,550,000
FIXED
COSTS.................................................................2,010,000
EBIT.................................................................................1,540,000
INTEREST (10%
COST)....................................................620,000
EBT.....................................................................................920,000
TAX
(30%)..........................................................................276,000
EAT.....................................................................................644,000
SHARES COMMON
STOCK..............................................410,000
EPS...........................................................................................1.57
The company is currently financed with 50% debt and 50% equity
(common stock, par value of $10). In order to expand the
facilities, Mr. Delsing estimates a need for $4.1 million in
additional financing. His investment banker has laid out three
plans for him to consider:
1) Sell $4.1 million of debt at 11%
2) Sell $4.1 million of common stock at $20 per share
3) Sell $2.05 million of debt at 10% and $2.05 million of common
stock at $25 per share.
Variable costs are expected to stay at 50% of sales, while fixed expenses will increase to $2,510,000 per year. Delsing is not sure how much this expansion will add to sales, but he estimates sales will rise by $2.05 million per year for the next 5 years.
Delsing is interested in a thorough analysis of his expansion plans and methods of financing. He would like you to analyze the following:
a. The break-even point for operating expenses before and after expansion (in sales dollars). ENTER YOUR ANSWERS IN DOLLARS NOT IN MILLIONS, I.E. $1,234,567.
| BREAK-EVEN POINT | |
| BEFORE EXPANSION | |
| AFTER EXPANSION |
b. The degree of operating leverage before and after
expansion. Assume sales of $7.1 million before expansion, and $8.1
million after expansion. Use the formula
DOL = (S - TVC) / (S - TVC - FC). ROUND YOUR ANSWERS TO 2
DECIMAL PLACES.
| DEGREE OF OPERATING LEVERAGE | |
| BEFORE EXPANSION | |
| AFTER EXPANSION |
c. The degree of financial leverage before expansion. ROUND YOUR ANSWERS TO 2 DECIMAL PLACES.
d. The degree of financial leverage for all three methods after expansion. Assume sales of $8.1 million for this question. ROUND YOUR ANSWERS TO 2 DECIMAL PLACES.
| DEGREE OF FINANCIAL LEVERAGE | |
| 100 % DEBT | |
| 100% EQUITY | |
| 50% DEBT & 50% EQUITY |
e. Compute EPS under all three methods of financing the expansion at $8.1 million in sales (first year) and $11.0 million in sales (last year). ROUND ANSWERS TO 2 DECIMAL PLACES.
| EPS | ||
| FIRST YEAR | LAST YEAR | |
| 100% DEBT | ||
| 100% EQUITY | ||
| 50% DEBT & 50% EQUITY | ||
In: Accounting
Van Hatten Consolidated has three operating divisions: DeMent
Publishing Division, Ankiel Security Division, and Depp Advisory
Division. Each division maintains its own accounting system but
follows IFRS.
| DeMent Publishing Division The DeMent Publishing Division sells large volumes of novels to a few book distributors, which in turn sell to several national chains of bookstores. DeMent allows distributors to return up to 30% of sales, and the distributors give the same terms to bookstores. While returns from individual titles fluctuate greatly, the returns from distributors have averaged 20% in each of the past five years. A total of $7 million of paperback novel sales were made to distributors during fiscal 2020. On November 30, 2020 (the end of the fiscal year), $1.5 million of fiscal 2020 sales were still subject to return privileges over the next six months. The remaining $5.5 million of fiscal 2020 sales had actual returns of 21%. Sales from fiscal 2019 totalling $2 million were collected in fiscal 2020 less 18% returns. This division records revenue according to the revenue recognition method when the right of return exists. |
| Ankiel Security Division The Ankiel Security Division works through manufacturers’ agents in various cities. Orders for alarm systems and down payments are forwarded from agents, and the division ships the goods f.o.b. factory directly to the customers (usually police departments and security guard companies). Customers are billed directly for the balance due plus actual shipping costs. The company received orders for $6 million of goods during the fiscal year ended November 30, 2020. Down payments of $600,000 were received, and $5.2 million of goods were billed and shipped. Actual freight costs of $100,000 were also billed. Commissions of 10% on product price are paid to manufacturing agents after goods are shipped to customers. Such goods are covered by the warranty for 90 days after shipment, and warranty claims have been about 1% of sales. Revenue is recognized at the point of sale by this division. |
| Depp Advisory Division The Depp Advisory Division provides asset management services. This division grew out of Van Hatten’s own treasury and asset management operations, which several of its customers asked to have access to. On January 1, 2020, Depp entered into a contract with Scutaro Co. to perform asset management services for one year. Depp receives a quarterly management fee of 0.25% on Scutaro’s assets under management at the end of each quarter. In addition, Depp receives a performance-based incentive fee of 20% of the fund’s annual return in excess of the return on the S&P 500 index at the end of the year. At the end of the first quarter of 2020, Depp was managing $2.4 million of Scutaro assets. The annualized return on the portfolio was 6.2%. (The S&P 500 index had an annualized return of 5.7%.) |
(a)
For each division’s revenue arrangements, identify the separate
performance obligations, briefly explain the allocation of the
transaction process to each performance obligation, and indicate
when the performance obligations are satisfied.
In: Accounting
Benchmark Metrics Inc. (BMI), an all-equity financed firm, reported EPS of $4.14 in 2008. Despite the economic downturn, BMI is confident regarding its current investment opportunities. But due to the financial crisis, BMI does not wish to fund these investments externally. The Board has therefore decided to suspend its stock repurchase plan and cut its dividend to $0.65 per share (vs. almost $2 per share in 2007), and retain these funds instead. The firm has just paid the 2008 dividend, and BMI plans to keep its dividend at $0.65 per share in 2009 as well. In subsequent years, it expects its growth opportunities to slow, and it will still be able to fund its growth internally with a target 36%
dividend payout ratio, and reinitiating its stock repurchase plan for a total payout rate of 60%.(All dividends and repurchases occur at the end of each year.)
Suppose BMI's existing operations will continue to generate the current level of earnings per share in the future. Assume further that the return on new investment is 15%,
and that reinvestments will account for all future earnings growth (if any). Finally, assume BMI's equity cost of capital is 10%.
Hint:
Make sure to round all intermediate calculations to at least four decimal places.
a. Estimate BMI's EPS in 2009 and 2010 (before any share repurchases).
BMI's EPS in 2009 is $.............(Round to the nearest cent.)
BMI's EPS in 2010 is$..........(Round to the nearest cent.)
b. What is the value of a share of BMI at the start of 2009 (end of 2008)?
The value of a share of BMI at the start of 2009 is $..............(Round to the nearest cent.)
In: Finance